Cem Karayalcin
Department of Economics, Florida International University, Miami,
Florida 33199
Telephone no: (305) 348-3285 (office), Fax no: (305) 348-1524, E-Mail Address:
Cem.Karayalcin@fiu.edu
CURRENT POSITION
Professor, Department of Economics, Florida International
University
EDUCATION
1989
Ph.D. in Economics, Columbia University
(Dissertation: "Growth, international trade, and factor mobility,")
1983
M.A. in Economics, Columbia University
1981
B.S. in Economics, Middle East Technical University, Ankara, Turkey
SPECIALIZATION
Open-economy Macroeconomics, International Trade, Development and
Growth Theory
PUBLICATIONS
“Divided We Stand United We Fall: The Hume-North-John
mechanism for the Rise of Europe,” International Economic Review, 49: 973-997, 2008.
“Exchange
Rate Pass-Through and Relative Prices: An Industry-Level Empirical
Investigation” (coauthored with Prasad S. Bhattacharya and Dimitrios D. Thomakos), Journal
of International Money and Finance, 27: 1135-1160, 2008.
“Income
distribution, sovereign debt and public investment,” (with K. McCollister), Economics and Politics, 17: 351-65,
2005.
“Economic
(dis)integration in the presence of evolutionary
learning,” (with D. Mitra and D. Mendez-Carbajo), Journal of Evolutionary Economics, 14: 463-481, 2004.
“Trade in Goods and Trade in
Assets,” International Journal of Business and Economics, 2: 97-108,
2003 (with Andre Burgstaller).
“Habit Formation and Fiscal
Policy in a Small Open Economy," Macroeconomic Dynamics 7: 407-423
(2003).
“Infrastructure,
Returns to Scale and Sovereign Debt”, Journal of International Trade and
Economic Development (with K. McCollister and Devashish Mitra) 11:267-278
(2002).
“Multiple
Equilibria, Coordination, and Transitional Growth,”
Journal of Development Economics 60, 297-316, 1999 (with Devashish Mitra).
“Temporary and Permanent
Government Spending in a Small Open Economy,” Journal of Monetary
Economics 43, 125-141, 1999.
“A Political Economic Model of the State Owned Enterprises," Topics
in Middle Eastern and North African Economies, vol. 1, 1999.
"The Role of Stock Markets in International Economic Integration,"
Journal of Economic Integration, 11: 93-113, March 1996
"Redistributive Taxation in a Small Open Economy," Canadian
Journal of Economics, XXIX: 688-698, August 1996.
"Stockmarkets,
Adjustment Costs, and International Transmission of Shocks" Economica 63, 599-610, 1996.
"Heterogeneous Households, the Distribution of Wealth, and the Laursen-Metzler Effect," Review of
International Economics, 3, 86-103 (1995).
"Capital Income Taxation and Welfare in a Small Open Economy,"
Journal of International Money and Finance, 14: 785-800, December 1995.
"Government Spending and Cyclical Adjustment in a Small Open Economy,"
Journal of Economic Integration, 10: 454-474, December 1995.
"Temporary and Permanent Migration with and without
an Immobile Factor," Journal of Development Economics 43,
197-215 (1994).
"Adjustment Costs in Investment, Time Preferences, and the Current Account,"
Journal of International Economics 37, 81-95 (1994).
"International Capital and Labor Mobility: Vent for
Surplus Labor" (in Portuguese), Estudos
Economicos, 24, 183-202 (1994).
Working Papers
“Romes
without Empires: Primate Cities, Political Competition, and Economic Growth” (with M. Ulubasoglu)
“Habit Formation and Supply
Shocks”
“State Owned Enterprises and Redistribution: An empirical Analysis,” (with M. Ulubasoglu)
"Endogenous Growth, Endogenous Time Preference, and Social Status" (with Andre Burgstaller)
“International Capital Movements under Endogenous Growth” (with Andre Burgstaller)
PAPER PRESENTATIONS
"Growth and international labor migration in an overlapping
generations model" in Second Annual Southeastern International Economics
Meeting, Gainesville, October 1990.
"The asset market approach in the pure theory of international trade"
(co-authored with Andre Burgstaller) in Mid-West
International Economics Meeting,
"Endogenous growth and the long-run distribution of wealth in a simple von
Neumann model" (co-authored with Andre Burgstaller)
in Eastern Economics Association Meeting,
"International capital movements under endogenous growth
and endogenous time preference" (co-authored with Andre Burgstaller) in the Fifth Annual Southeastern International
Economics Meeting,
"Habit Formation and Government Spending in a Small Open Economy"
presented at the Eastern Economic Association's 21st Annual Convention in
"International Capital Movements under Endogenous Growth," (with
Andre Burgstaller) presented at the
"Multiple Equilibria, Coordination and Bounded
Rationality," (with Devashish Mitra) presented at the South Eastern Economic Theory and
International Economics Conference, November 1997.
"A Political Economic Model of the State Owned Enterprises" presented at the New York ASSA Meetings, January 1999.
"Habit Formation and Supply Shocks in a Small Open Economy" presented
at the South Eastern Economic Theory and International Economics Conference,
November 2001.
“Economic (dis)integration in the
presence of evolutionary learning,” (co-authored with D. Mitra
and D. Mendez-Carbajo), invited presentation at the
Central Bank of the
“United we fall, divided we stand: The Hume-Weber-Jones mechanism for the rise
of
“Romes without Empires:
Primate Cities, Political Competition, and Economic Growth,” invited
presentation at Southern Methodist University, March 2006.
“Political Economy of Growth,”
invited presentation at Wenzao College, Department of
International Business, Taiwan, May 2007.
EXPERIENCE
2005-present Professor,
FIU
1995-2005
Associate
Professor, FIU
1989-1995 Assistant
Professor, FIU
1984-1989
Preceptor/Instructor, Columbia University
1987-1988 Instructor,
Rutgers University
1982-1983 Instructor,
Pace University
GRANTS
1990 Summer Research Award, Florida International University
HONORS AND AWARDS
1990-1992 President's Fellow, Columbia University
1995 TIP Award, Florida International University
COURSES TAUGHT
(1) International Trade (Ph.D. level)
(2) International Money (Ph.D. level)
(3) Development Economics (Ph.D. level)
(4) Macroeconomics (Ph.D. level)
(5) Mathematical Economics (M.A. level)
(6) International Trade (Undergraduate level)
(7) International Money (Undergraduate level)
(8) Money and Banking (Undergraduate level)
(9) Intermediate Macroeconomics (Undergraduate level)
(10 Applied Macroeconomics (Undergraduate level)
(11) Macroeconomic Principles (Undergraduate level)
(12) Microeconomic Principles (Undergraduate level)
GRADUATE STUDENT SUPERVISION
Major Professor for the Ph.D. Dissertations
(1) Xiaowei Xu
“International Transmission of Disturbances under Alternative Exchange Rate
Regimes,” (1995-1996, Research Economist, NY)
(2) Yuna Chen “Closing the Productivity Gap and Trade
Policy,” (1996-1997, South Georgia College)
(3) Ali Kocyigit “International Mobility and
Saving-Investment Correlations,”(1996-1997, Malatya University, Turkey)
(4) Carlos Moslares “Credit Rationing, Research and
Development, and Growth,” (1996-1997, Universitat
Ramon Llull, Barcelona, Spain)
(5) Kathryn McCollister “The Political Economy of
Sovereign Debt,”(1998-1999, University of Miami, Epidemiology Department)
(6) Diego Mendez-Carbajo “Essays on Openness,
Economic Integration, and Growth,” (1999-2000, Illinois Wesleyan University)
(7) Prasad Bhattacharrya “Essays on International
Macroeconomics.” ( 2004, Deakin
University)
(8) Claudia Wehbe
“The Political Economy of Inequality
and Growth: Essays on Sovereign Debt, Democracy and Saving,” (2008)
(9) Ramon Gonzalez Hernandez
“Essays in Open Economy Macroeconomics,” (2008, Lake Forest College)..
REFEREEING
American Economic Review
European Economic Review
Journal of Development Economics
Journal of Macroeconomics
International Economic Review
Review of Economic Studies
Review of International Economics
Economica
Journal of International Money and Finance
Japanese Economic Review
Journal of Economic Dynamics and Control
Journal of Money, Credit, and Banking.
OTHER SERVICE
Associate Editor, International Journal of Business and Economics
2003 to present, Graduate Director, Department of Economics, FIU
LANGUAGES
English, Turkish, reading knowledge of German, French and Spanish.